Post-Opec bloodletting continues for SGX oil stocks
Energy-related counters feature heavily on list of most heavily traded stocks
Singapore
THE share prices of firms throughout the oil supply chain continued to slide on Monday, as fears of lower crude prices took even firmer hold after Big Oil's meeting last week.
Following the decision of the Organization of the Petroleum Exporting Countries (Opec) not to cut production last Thursday, the price of West Texas Intermediate (WTI) crude oil plunged more than 11.4 per cent to US$66.15 - a five-year low - by the end of last week.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stocks retreat on earnings gloom, weak US economic data
US: Stocks hit by GDP data, Meta results
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling